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Wawa - Tallahassee (Crawfordville) FL 18 Private Dr 5,915 SF Retail Building Crawfordville, FL 32327 $4,539,000 ($767.37/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized, Four-Way Intersection | Off U.S. Hwy 319 (21,000 VPD) |Wawa - Strong Earnings Report and Continued Growth
- Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
- Affluent 1-Mile | Growing Population | Tallahassee MSA
Executive Summary
• The lease is guaranteed by Wawa Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,260 locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements
• Large 4.82-acre parcel
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 21 in Forbes 2025 Ranking of America’s largest private companies
• The company is currently in the midst of its “largest expansion ever,” aiming to reach 1,800 stores by 2030
• 2026 construction with high quality materials and distinct design elements
• Large 4.82-acre parcel
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
C
Year Built
2026
Price
$4,539,000
Price Per SF
$767.37
Cap Rate
4.50%
NOI
$204,255
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.82 AC
Zoning
C2 - General Commercial
Parking
50 Spaces (8.45 Spaces per 1,000 SF Leased)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-3S-01W-000-04492-000 | Improvements Assessment | $0 |
| Land Assessment | $1,574,692 | Total Assessment | $1,574,692 |
Property Taxes
Parcel Number
18-3S-01W-000-04492-000
Land Assessment
$1,574,692
Improvements Assessment
$0
Total Assessment
$1,574,692
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